IG Group Secures Court Approval for Jersey Move as FCA Approves New Listing Prospectus

IG Group has obtained court approval to relocate its registered office to Jersey and secured approval from the UK's Financial Conduct Authority for a new listing prospectus.

The group will move its registered office from London to Jersey, a move that is expected to reduce regulatory costs and simplify the group's structure.

The new prospectus has been approved by the FCA, clearing the way for a dual listing on the London Stock Exchange and the Main Market of the Irish Stock Exchange.

Strategic Restructuring

The move to Jersey is part of a broader strategic plan to reduce regulatory costs and simplify the group's structure.

The group's board believes that the new structure will be more efficient and will allow the company to focus on its core business of providing online trading services.

The relocation to Jersey is also expected to provide the group with access to a more favourable regulatory environment.

FCA Approval

The FCA has approved the new listing prospectus, which includes details of the proposed dual listing.

The prospectus will be used to seek approval from shareholders for the dual listing.

The dual listing will allow the group to access a wider pool of investors and increase liquidity for its shares.

Next Steps

The group will now seek approval from its shareholders for the dual listing.

The group will continue to operate its business as usual during this transition period.